SEC Delays Decision on Polkadot ETFs

SEC Delays Decision on Crypto ETFs for Polkadot and Hedera

• The U.S. SEC has postponed decisions on ETF applications for Polkadot, Hedera, Bitcoin, and Ethereum.
• Decisions are due by June 10 for the Bitwise Bitcoin and Ethereum ETF and June 11 for the Canary HBAR ETF and Grayscale Polkadot Trust.
• There are currently 72 crypto-focused ETF applications awaiting approval from the SEC.
• The Grayscale Bitcoin Trust manages nearly $18 billion in assets under management (AUM).
• Bitwise’s Bitcoin ETF controls about $3.6 billion in AUM.

The SEC has delayed its decision on several crypto ETF proposals, including those for Polkadot and Hedera. The regulator is reviewing a total of 72 crypto-related applications, with decisions expected by mid-June for key funds like the Bitwise Bitcoin and Ethereum ETF.